The weekend* is over and stock futures in the US are higher.

At around 7:15 p.m. ET Monday night, Dow futures were up more than 220 points, S&P 500 futures were up about 29 points, and Nasdaq futures were up 73.

(*US markets were closed on Monday to observe the Presidents Day holiday. Asia and Europe were open.)

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Markets in Asia and Europe, meanwhile, were open Monday and stocks rallied across the board. US futures are following higher.

Japan’s Nikkei index rose an incredible 7% on Monday after falling 13% last week in one of the index’s worst 5-day performances in years.

Stocks in Europe were also higher Monday with the DAX in Germany gaining more than 2.5%, the London’s FTSE rallying 2%, the CAC in Paris rising 3%, and the Euro Stoxx 50 rising 2.9%.

It’s a busy, holiday-shortened week in the US economy coming up with data on industrial production, the housing market, and inflation filling in some key¬†gaps around the positive datawe got last week.

The readings this time around, however, could be more mixed.

As reported by Business Insider